The shares of Penny stock company, specializing in the manufacturing and design of textile machinery, particularly yarn twisting, winding, and heat-setting machines, jumped upto 17 percent upon receiving major export work orders from the U.S totaling $403,300.
With a market capitalization of 73.17 Crores on Monday, the shares of Meera Industries Ltd jumped upto 16.8 percent, making a high of Rs. 74.00 compared to its previous closing price of Rs. 63.31.
Meera Industries Ltd, engaged in the manufacturing and design of textile machinery, particularly yarn twisting, winding, and heat-setting machines, has received new export work orders from the U.S totaling USD 403,300.
The initial order is from Buhler Quality Yarns Corp, a leading supplier of luxury cotton yarns made from high-grade Supima cotton, which has ordered Meera’s Twister & Winder systems. These machines are designed to produce twisted cotton yarns with superior strength and consistency, essential for premium fabrics used in apparel, home textiles, and industrial sectors. The order is valued at $360,400 and will help Buhler enhance their production capabilities for high-value cotton yarns.
The second order is from DexMat, Inc., known for producing advanced carbon nanotube fibers called “Galvorn,” which has placed an order for Meera’s Ring Twister. The Ring Twister is engineered for precision twisting of high-performance fibers like Galvorn, which are stronger than steel, lighter than aluminum, and conductive like copper. This technology is targeted at aerospace and high-performance applications, which are valued at $42,900.
Financials & Others
The company’s revenue declined by 21 percent from Rs. 9.63 crores to Rs. 7.54 crores in Q4FY24-25. Meanwhile, Net profit declined from Rs. 0.60 crores to Rs. 0.19 crores in the same period.
Meera Industries’ P/E ratio of 18.14 is well below the industry average of 30.29, indicating the stock may be attractively priced relative to its peers. The PEG ratio of 0.12 suggests the stock could be undervalued, especially given its earnings growth potential. Additionally, the company maintains a low debt-to-equity ratio of 0.28, reflecting a strong and conservative financial structure.
Meera Industries Limited, based in Surat, Gujarat, is a leading manufacturer and exporter of high-tech textile machinery, specializing in twisting, winding, cabling, and heat-setting machines for the global textile industry. Its product range includes TPRS Twister machines, Ring Twisters, Twister & Cabler machines, and more, serving a wide variety of yarn processing needs.
Meera Industries has a strong international presence, exporting to over 35 countries across Europe, Asia, Africa, and the Americas, and has received awards for research and development as well as export excellence.
Written by Sridhar J
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